Market Highlights:
Fiber optic cables comprise glass or plastic threads of wires with the capacity to transfer data at high speeds. It is preferred by telecommunication companies and consumers owing to its high data volume capacity. The lightweight nature of these cables coupled with their low susceptibilty to noise and interference make it highly treasured.

The global fiber optic cable market is anticipated to expand at a 11.18% CAGR from 2018 to 2025 (forecast period), according to the latest report by Market Research Future (MRFR). The increasing demand for high-quality video, audio, and data transmissions is expected to propel market demand. Low operational expenditure associated with these cables can spike up the adoption rate over the forecast period. The burgeoning aerospace and automotive sectors will provide future growth opportunities for the market.

The global Fiber Optic Cable Market is anticipated to expand at a 11.18% CAGR from 2018 to 2025 (forecast period), according to the latest report by Market Research Future (MRFR).

Competitive Landscape:
According to MRFR analysis, Sumitomo Electric Ltd. was leading the global fiber optic cable market in 2017. Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables globally and provides optical fiber cables, optical fiber fusion splicers, optical data links and other optical components and access network systems products. The company has presence in Europe and North America. The company plans to strengthen its customer base, create unique solutions in fiber optic technology, and form strategic partnerships with other corporations to maintain their market position.

Furukawa Electric Co., Ltd. stands second in the global fiber optic cable market in terms of market share. Furukawa Electric Co., Ltd. is a well-established Japanese manufacturer of telecommunications, energy, automobile, electronic parts, and construction products. The company operates through the following segments: infrastructure, electronics, functional products, and services and development. The infrastructure segment manufactures and sells optical fiber cables, optical semiconductor devices, optical fiber fusion splicers, network equipment, CATV systems and metal communication cables. Other than Japan, the company has offices in North America, Latin America, Europe, and Asia-Pacific region. The company is focused on strengthening its businesses by accelerating the manufacturing of key products, boosting sales capability, enhancing engineering capabilities and reforming its existing business policies. The company plans to extend its reach to the global market in the South and Central America and Southeast Asia.

Segmentation:
Based on type, the market is segmented into single-mode and multi-mode. Single-mode fiber optic cable is currently dominating the market and is expecting a more than double market valuation of the same during the forecast period. The stellar CAGR of 11.48% that it can achieve during that time will ensure its market growth.

Application-wise the market consists long-distance communication, submarine cable, fiber to the x or fiber in the loop (FTTx), local mobile metro network, other local access network and community antenna television (CATV). Long-distance communication is dominating the market with a considerable market share of USD 1.72 billion in 2017, and in 2025, it can grow sky-high and touch USD 3.88 billion.

Regional Analysis:
The Asia Pacific has a high concentration of rapidly emerging economies such as China, India, and Japan where there is the high adoption of wireless communication and advancements in the internet of things (IoT). This has led to high demand for fiber optic cables which has ultimately put the Asia Pacific regional market in leading position. Heavy data transmission in the region has encouraged the adoption of fiber optics cables. Meanwhile, the North American market is a close second in terms of market size due to the presence of numerous data centers and the general demand for high speed. The region displays an affinity for advanced technologies and is often quick to adopt technologies which offer increased efficiency. The U.S is the leading country-level market which is due to witness a CAGR at 11% during the review period.

North America is not lagging much behind. North America is replete with data centers and associated applications, where fiber optic cables are always in huge demand. In addition, long-distance data transmissions are gaining much traction there spurring requirement for the deployment of FTTx and CATV. The U.S. has the largest market where the revenue touches an approximately USD 970 million in 2017, and the air is going to remain same for the country in the foreseeable future where it can muster up a CAGR of 11%.

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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